Global Ball Valves Market was valued US$ 10.3Bn in 2017 and is estimated to reach US$ 13.9Bn by 2026 at a CAGR of 3.82%.

Ball valves are a spherical closure unit, which enables on and off control of flow. Two way ball valves are considered to be the most common and highly used ball valves. The global ball valve market, ball valves are being used in various sectors such as aerospace & defence, oil, and gas industry and between them. Demand for industrialization is a rise in developing economies, so is the need for ball valves. This factor is estimated to drive the growth of the global ball valves market. In the recent past, a concept known as (IoT) Internet of Things for customized products has emerged.

Trunnion mounted ball valves type segment of ball valve market globally is expected to continue its dominance. A trunnion mounted ball offers lower operating torque of the ball in comparison to a floating ball. This helps in reducing the complete cost of value actuation package as it reduces the size of the actuator when the ball valve is actuated.

Scope of Global Ball Valves Market

Global Ball Valves Market, by Type

• Floating

• Rising Stem

• Trunnion Mounted

Global Ball Valves Market, by Material type

• Alloy Based

• Bronze

• Brass

• Steel

• Cast Iron

Global Ball Valves Market, by Size

• Up to 1”

• 1”–6”

• 6”–25”

• 25”–50”

• 50” and Above

Global Ball Valves Market, by End user

• Chemicals

• Food & Beverage

• Pharmaceuticals

• Building & Construction

• Aerospace & defence

• Oil & Gas

• Water & Wastewater

• Energy & Power

• Utilities

Global Ball Valves Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• South America

Key players operating in Global Ball Valves Market

• Merson

• Flowserve Corporation

• Cameron–Schlumberger Ltd.

• Crane Co.

• IMI PLC.

• Kitz Corporation

• Metso

• Neway Valves Co. Ltd.

• Velan Inc.

• Weir Group PLC

• Burkert Fluid Control Systems

• Curtiss-Wright Corporation

• Alfa Laval

• Apollo Valves

• Valvitalia S.P.A

• Alfa Laval AB

• Swagelok Company

• MRC Global Inc.

• Emerson Electric Company

• Weir Group.

For more information visit: https://www.maximizemarketresearch.com/market-report/global-ball-valves-market/22502/

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